Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Vietnam - 2022
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Vietnam (FOB) - 2022
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Vietnam (CIF) - 2022
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Vietnam
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Vietnam
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Vietnam (FOB) - 2022
The average export price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $54 per unit in 2022, growing by 3.1% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 22%. As a result, the export price reached the peak level of $68 per unit. From 2021 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($54 per unit) and Mexico ($54 per unit), while the average price for exports to Singapore ($54 per unit) and China ($54 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Vietnam (CIF) - 2022
The average import price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $63 per unit in 2022, with an increase of 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($63 per unit) and Indonesia ($63 per unit), while the price for Taiwan (Chinese) ($63 per unit) and Italy ($63 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Vietnam
In 2022, the amount of refrigerating or freezing equipment; parts thereof, other than furniture exported from Vietnam rose rapidly to 1.8M units, increasing by 9.6% against the previous year. Overall, exports recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 89%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture expanded significantly to $95M in 2022. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 46% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.5 | 3.9 | 19.7 | 21.8 | 69.2% |
| China | 7.9 | 10.1 | 15.2 | 17.9 | 31.3% |
| South Korea | 5.2 | 7.4 | 8.1 | 9.7 | 23.1% |
| Thailand | 7.9 | 10.5 | 9.5 | 9.2 | 5.2% |
| Mexico | 3.8 | 7.4 | 5.8 | 8.7 | 31.8% |
| Japan | 7.7 | 6.6 | 6.9 | 7.2 | -2.2% |
| Germany | N/A | 0.3 | 4.8 | 4.9 | 304.1% |
| Poland | 1.3 | 3.5 | 3.7 | 4.3 | 49.0% |
| India | 2.3 | 1.4 | 1.7 | 2.3 | 0.0% |
| Egypt | 1.8 | 1.7 | 1.5 | 1.6 | -3.9% |
| Others | 3.5 | 4.9 | 7.2 | 7.7 | 30.1% |
| Total | 45.8 | 57.7 | 84.2 | 95.2 | 27.6% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Vietnam in 2022:
- United States (404.3K units)
- China (332.5K units)
- South Korea (179.8K units)
- Thailand (171.4K units)
- Mexico (160.8K units)
- Japan (133.9K units)
- Germany (91.3K units)
- Poland (80.0K units)
- India (43.1K units)
- Egypt (29.5K units)
Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Vietnam
In 2022, imports of refrigerating or freezing equipment; parts thereof, other than furniture into Vietnam dropped to 716K units, reducing by -4.2% compared with 2021 figures. In general, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 11%. Over the period under review, imports of hit record highs at 861K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture expanded notably to $45M in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 15%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.6 | 18.8 | 22.9 | 26.2 | 8.3% |
| South Korea | 8.6 | 6.2 | 9.7 | 7.1 | -6.2% |
| Indonesia | 5.9 | 5.9 | 4.6 | 6.9 | 5.4% |
| Italy | 1.1 | 0.9 | 0.5 | 1.0 | -3.1% |
| Taiwan (Chinese) | 0.5 | 0.5 | 0.8 | 0.9 | 21.6% |
| Others | 5.5 | 3.7 | 2.6 | 2.8 | -20.2% |
| Total | 42.2 | 35.9 | 41.2 | 44.9 | 2.1% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Vietnam in 2022:
- China (418.5K units)
- South Korea (113.7K units)
- Indonesia (109.9K units)
- Italy (15.4K units)
- Taiwan (Chinese) (14.2K units)
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